Sierra Leone Inheritance & Gift Tax Guide 2026
Sierra Leone does not impose inheritance tax or estate duty on assets transferred upon death. However, gifts made during the lifetime of the donor may be subject to gift tax. Succession is governed by the customary law and statutory law for those who die without a will. Proper estate planning through wills is recommended.
Overview — Inheritance & Gift Taxation
Sierra Leone has a favourable tax regime for wealth transfer: there is no estate duty, no inheritance tax, and no death tax on assets transferred upon death. However, gifts made during the lifetime of the donor may be subject to gift tax. The absence of inheritance tax makes Sierra Leone an attractive jurisdiction for holding assets. Upon death, there is no deemed disposal of assets for CGT purposes — the heir inherits the deceased's cost base.
Gift Tax
Gift tax in Sierra Leone may apply to transfers of property made during the donor's lifetime. The tax is generally payable by the donor. Certain gifts may be exempt, including gifts between spouses and gifts to charitable organisations. The rates and thresholds are prescribed by the relevant tax legislation.
Intestate Succession
If a person dies without a will (intestate), the distribution of their estate is governed by customary law and statutory provisions. The estate is divided among the spouse, children, and extended family according to established rules. Having a valid will is the most effective way to ensure assets pass according to the deceased's wishes.
Wills & Probate
A will must be in writing, signed by the testator in the presence of two witnesses who are not beneficiaries. The will should appoint an executor to administer the estate. Probate is the legal process of recognising the will and granting the executor authority to distribute assets. The process involves applying to the High Court with the will, death certificate, and inventory of assets.
FAQs
Do I need to pay tax on inherited property if I sell it?
Yes, if you sell inherited property, CGT applies on the gain (selling price minus the deceased's original cost base — no step-up in basis).
Does Sierra Leone recognise foreign wills?
Foreign wills may be recognised in Sierra Leone but must go through the probate process in Sierra Leone to be effective for Sierra Leone assets.
Disclaimer
This guide provides general information about Sierra Leone inheritance and gift tax for the 2026 tax year. Succession law is complex. Always consult with a qualified Sierra Leone lawyer or tax advisor for advice specific to your situation. InvestmentKit does not provide tax or legal advice.